5. Decide what type of operating segment your hotel will operate under. 6. Develop the hotel’s departments that will support the operations of the hotel. 7.
It worsens rather than tackles the underlying affordability problem in the UK’s housing market. Already, the ratio of the average house price to average income, at 6.7, is heading towards that recorded in 2008, at 6.9, despite five years of housing market stagnation. The affordability crisis in London is even more pronounced with house prices averaging 9.7 times average incomes. The home of the Russian oligarch – Kensington and Chelsea – has a house price to income ratio of 27.8. The extension of Help to Buy can only mean a renewed house price bubble and signals an earlier increase in interest rates than is healthy for the wider economy.
c. severe cutbacks in the size of the federal government. d. a taxpayer revolt. e. a growing reliance on overseas trade to sustain the American economy. 3. The poor economic performance of the 1970s brought an abrupt end to a. American reliance on Middle Eastern oil.
What is the indifference point? Ans: 333 units (Q* = (FCMake ( FCBuy) / (VCBuy ( VCMake) = ($2000 - $1000)/($5 - $2) = 333) Section: SCM Across The Organization Level: moderate 4. In the affiliate revenue model, companies receive a referral fee for: a) providing advertising space on their web site b) selling customer information to others c) executing a transaction d) directing business to an “affiliate” e) monthly subscription charges Ans: d Section: Major Issues Affecting Supply Chain Management Level: moderate 5. According to the textbook, the larger cargo ships created the negative result of? a) increased per pound shipping charges b) increased CO2 emissions c) decreased operating costs d) longer port times e) increased in transition times Ans: d Section: Major Issues Affecting Supply Chain Management Level: moderate 6.
During this period The USA had become the world's largest economic power, making up 27% of the world's economy compared to the 19% in 1913. The First and Second World Wars that occurred during the British Imperial Era may explain the decline of Britain as an economic power by 1950. During these wars, Britain had to invest heavily in munitions and equipment, borrowing heavily from the US to help fund its expenditure. With Britain indebted to America, and struggling to maintain an empire after the economic impact of the Second World War, it is unsurprising to see a decline in Britain's economic strength, with an increase in American economic influence. During the Cold War era, the USA's economic position may have been strengthened due to its increasing political influence as one of the world's leading powers alongside The USSR, which had a GDP that made up 10% of the world's economy in 1950.
• Significant impact upon war-torn Europe, reducing its capacity to pay war debts and resulting in the imposition of retaliatory tariffs 3. Smoot-Hawley Tariff Act 1930 -- (June 17, 1930) • Tariff levels on 20,000 imported goods risen to an historical high, exceeding those rates set by the Fordney-McCumber Tariff Act (1922) • Narrowly passed by the Senate (44 to 42) • Resulted in the implementation of retaliatory tariffs by America’s trading partners i. This effectively closed foreign markets to American exports ii. US exports plummeted 60% between 1929 and 1933 • 1000+ economists signed a petition to appeal to Hoover to veto the motion in May 1930 i. ‘That act intensified nationalism all over the world... it encouraged further protectionism and led to a further decline in world trade’ an economist ii.
In the last few years, the American Century seems to be declining. The recession that started in 2007 is undermining American hyper power status. The rise of China’s political and economic status is crucial towards the global economy and its correlation with the U.S’s debt ceiling. When Henry Luce first coined the phrase “The American Century”, he had envisioned the United States being the global leader who would spread democracy and become the world’s strongest economy. The American Century built a completely new era of economic order.
The illustration of how unattractive this new financial situation would be hard to measure and speculation of losing their financial standing would move the Opera against the merger. To solidify the lack of desirability of the merger, Mr. Bailey could use the opinions of outside skeptics that have spoken against Mrs. Ewer. These skeptics believe that Ewer would not be up to the task and the economic gains that are anticipated would not happen. These skeptics believe that the differences in the Opera and the Symphony would not make a good business model. A2.
Allocating cost this way would not be accurate since DOP could not see the improvement in cost control from electronic order and desktop delivery. The company should use the ABC approach which is recognized costs by their activities and drivers for its pricing system. The cost drivers are used as bases to allocate costs to the product and thus would reflect more accurate product costs than using traditional cost pricing system. Table 1.1 Dakota Office Products: Income Statement CY2000 Sales | $42,500,000 | | 121.4% | ($42,500,000/$35,000,000) | Cost of items purchased | $35,000,000 | | 100.0% | ($35,500,000/$35,000,000) | Gross margin | $7,500,000 | | 21.4% | ($7,500,000/$35,000,000) | Warehouse personnel expense | $2,400,000 | | 6.9% | ($2,400,000/$35,000,000) | Warehouse
Often times, companies uproot from American soil and re-established themselves in foreign countries. This causes millions of American based jobs to diminish. The more unemployment rises, the less capital circulates in the United States economy, thus causing more Americans to seek unemployment benefits. According to Gail Makinen, economic policy specialist, the United States experienced 130,000 Americans being either jobless due to the 9/11 attack or the recession that followed. (2002) Although the United States economy experiences a great deal of negative effects based on international trade, there are some benefits to foreign trade.